Real Madrid have reportedly rejected an audacious bid from Chelsea for James Rodriguez.

Reports suggest that Madrid president Florentino Perez has turned down an offer from Antonio Conte's Blues to take the Colombian forward on loan.

It is understood that the Spanish giants want a £60million permanent sale of the 25-year-old and will not consider a temporary agreement.

Chelsea are looking to add a final piece to the puzzle before the transfer deadline closes on Wednesday night and are hoping to strike a deal with Real.

Zinedine Zidane admitted last week that Rodriguez not playing regularly is a 'problem' which could force the Champions League winners to offload him if they find a potential suitor before the summer deadline slams shut.